Groton Affordable Housing Inc
Groton Affordable Housing Inc: Stable Operations, High Program Spending
EIN: 222831170 · Worcester, MA · NTEE: L21Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $678K |
| Total Expenses | $487K |
| Program Spending | 92% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $-1,374,586 |
| Transparency Score | 75/100 |
Is Groton Affordable Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Groton Affordable Housing Inc directs 92% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Groton Affordable Housing Inc
Groton Affordable Housing Inc (EIN: 222831170) is a nonprofit organization based in Worcester, MA, classified under NTEE code L21Z. The organization reported total revenue of $678K and total assets of $634K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Groton Affordable Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Groton Affordable Housing Inc is a small nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $527K |
| Total Expenses | $487K |
| Surplus / Deficit | +$40K |
| Total Assets | $592K |
| Total Liabilities | $2.0M |
| Net Assets | $-1,374,586 |
| Operating Margin | 7.6% |
| Debt-to-Asset Ratio | 332.3% |
| Months of Reserves | 14.6 months |
Financial Health Grade: A
In 2023, Groton Affordable Housing Inc reported a surplus of $40K with revenue exceeding expenses, holds 14.6 months of operating reserves (strong position), has a debt-to-asset ratio of 332.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Groton Affordable Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.3% | +6.2% | +4.3% |
| 2022 | -0.1% | +3.9% | -1.4% |
| 2021 | +2.4% | +0.2% | +5.1% |
| 2020 | +2.7% | -10.7% | -0.8% |
| 2019 | +1.9% | -5.5% | -9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Groton Affordable Housing Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 92%
- fundraising: 3%
According to IRS 990 filings, Groton Affordable Housing Inc allocates its expenses as follows: admin: 5%, programs: 92%, fundraising: 3%. With 92% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $40K, with revenue exceeding expenses.
- Debt-to-asset ratio: 332.3%.
Executive Compensation Analysis
Executive compensation is not reported, with all filings indicating $0 for officers, directors, trustees, and key employees, which is unusual for an organization of this size and operational history.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Groton Affordable Housing Inc's IRS 990 filings:
- Consistent reporting of $0 for executive compensation across all years (2016-2023) may indicate that key personnel are compensated through a related entity or are entirely volunteer, which warrants further investigation for full transparency.
Strengths
The following positive indicators were identified for Groton Affordable Housing Inc:
- High percentage of expenses consistently allocated to programs (e.g., 92% in 2023 based on $486,995 program expenses out of $526,861 total expenses).
- Stable revenue streams over the past several years, with revenues around $500,000 annually.
- Consistent operational history dating back to at least 2016 with regular financial filings.
Frequently Asked Questions about Groton Affordable Housing Inc
Is Groton Affordable Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Groton Affordable Housing Inc (EIN: 222831170) some concerns. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
How does Groton Affordable Housing Inc spend its money?
Groton Affordable Housing Inc directs 92% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Groton Affordable Housing Inc tax-deductible?
Groton Affordable Housing Inc is registered as a tax-exempt nonprofit (EIN: 222831170). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Groton Affordable Housing Inc CEO make?
Groton Affordable Housing Inc's highest-compensated officer earns $0 annually. The organization reported $678K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Groton Affordable Housing Inc's spending goes to programs?
Groton Affordable Housing Inc directs 92% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Groton Affordable Housing Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Groton Affordable Housing Inc is above average for NTEE category L21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Groton Affordable Housing Inc located?
Groton Affordable Housing Inc is headquartered in Worcester, Massachusetts and files with the IRS under EIN 222831170. It is classified under NTEE code L21Z.
How many years of IRS 990 filings does Groton Affordable Housing Inc have?
Groton Affordable Housing Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $678K in total revenue.
What does Groton Affordable Housing Inc do?
Groton Affordable Housing Inc is a nonprofit organization in the Housing & Shelter sector, located in Worcester, Massachusetts. It is classified under NTEE code L21Z.
How much revenue does Groton Affordable Housing Inc have?
Groton Affordable Housing Inc reported total revenue of $678,024. Based on 13 IRS 990 filings on record.
What are Groton Affordable Housing Inc's total assets?
Groton Affordable Housing Inc holds total assets of $634,007 as reported in IRS 990 filings.
Where is Groton Affordable Housing Inc located?
Groton Affordable Housing Inc is based in Worcester, Massachusetts.
What is Groton Affordable Housing Inc's EIN?
Groton Affordable Housing Inc's Employer Identification Number (EIN) is 222831170. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Groton Affordable Housing Inc?
Groton Affordable Housing Inc is classified under NTEE code L21Z (Housing & Shelter).
Is Groton Affordable Housing Inc a registered 501(c)(3)?
Yes, Groton Affordable Housing Inc is recognized as a tax-exempt organization by the IRS. EIN: 222831170.
Does Groton Affordable Housing Inc file IRS Form 990?
Yes, Groton Affordable Housing Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Groton Affordable Housing Inc's revenue in 2023?
In the 202306 filing period, Groton Affordable Housing Inc reported total revenue of $526,861, total expenses of $486,995, and net assets of $591,663.
Is Groton Affordable Housing Inc's revenue growing or declining?
Groton Affordable Housing Inc's revenue is relatively stable. Revenue went from $514,974 (202206) to $526,861 (202306), a +2.3% change. Based on 13 filings on record.
What is Groton Affordable Housing Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Groton Affordable Housing Inc covers tax period 202306. It shows revenue of $526,861, expenses of $486,995, total assets of $591,663, and liabilities of $1,966,249.
How much does Groton Affordable Housing Inc spend on programs vs administration?
Based on IRS 990 analysis, Groton Affordable Housing Inc allocates approximately 92% of expenses to program services, 5% to administrative costs, and 3% to fundraising. This indicates strong program focus.
Is Groton Affordable Housing Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Groton Affordable Housing Inc appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 3 strengths noted.
What are the red flags for Groton Affordable Housing Inc?
The following concerns were identified: Consistent reporting of $0 for executive compensation across all years (2016-2023) may indicate that key personnel are compensated through a related entity or are entirely volunteer, which warrants further investigation for full transparency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Groton Affordable Housing Inc's strengths?
Positive indicators for Groton Affordable Housing Inc include: High percentage of expenses consistently allocated to programs (e.g., 92% in 2023 based on $486,995 program expenses out of $526,861 total expenses).. Stable revenue streams over the past several years, with revenues around $500,000 annually.. Consistent operational history dating back to at least 2016 with regular financial filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Groton Affordable Housing Inc compensate executives?
Executive compensation is not reported, with all filings indicating $0 for officers, directors, trustees, and key employees, which is unusual for an organization of this size and operational history. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how are the operational leadership and management functions of Groton Affordable Housing Inc. sustained?
The filings do not provide details on how leadership is compensated or structured if not through direct salaries reported on the 990. This could imply a fully volunteer board/management, compensation through a related entity not disclosed, or services provided pro bono.
Filing History
IRS 990 filing history for Groton Affordable Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Groton Affordable Housing Inc's revenue has grown by 14.5%, moving from $460K to $527K. Total assets decreased by 55.2% over the same period, from $1.3M to $592K. Total functional expenses fell by 3.5%, from $505K to $487K. In its most recent filing year (2023), Groton Affordable Housing Inc reported a surplus of $40K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $592K in assets (debt-to-asset ratio: 332.3%), resulting in net assets of $-1,374,586.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $527K | $487K | $592K | $2.0M | — | View 990 |
| 2022 | $515K | $459K | $567K | $2.0M | — | View 990 |
| 2021 | $516K | $441K | $576K | $2.0M | — | View 990 |
| 2020 | $504K | $441K | $548K | $2.1M | — | View 990 |
| 2019 | $490K | $493K | $552K | $2.2M | — | View 990 |
| 2018 | $481K | $522K | $611K | $2.2M | — | View 990 |
| 2017 | $479K | $527K | $705K | $2.3M | — | View 990 |
| 2016 | $486K | $527K | $802K | $2.3M | — | View 990 |
| 2015 | $472K | $506K | $911K | $2.4M | — | View 990 |
| 2014 | $470K | $617K | $969K | $2.4M | — | View 990 |
| 2013 | $463K | $525K | $1.1M | $2.4M | — | View 990 |
| 2012 | $462K | $496K | $1.2M | $2.5M | — | View 990 |
| 2011 | $460K | $505K | $1.3M | $2.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $527K, expenses of $487K, and assets of $592K (revenue +2.3% year-over-year).
- 2022: Revenue of $515K, expenses of $459K, and assets of $567K (revenue -0.1% year-over-year).
- 2021: Revenue of $516K, expenses of $441K, and assets of $576K (revenue +2.4% year-over-year).
- 2020: Revenue of $504K, expenses of $441K, and assets of $548K (revenue +2.7% year-over-year).
- 2019: Revenue of $490K, expenses of $493K, and assets of $552K (revenue +1.9% year-over-year).
- 2018: Revenue of $481K, expenses of $522K, and assets of $611K (revenue +0.5% year-over-year).
- 2017: Revenue of $479K, expenses of $527K, and assets of $705K (revenue -1.5% year-over-year).
- 2016: Revenue of $486K, expenses of $527K, and assets of $802K (revenue +2.9% year-over-year).
- 2015: Revenue of $472K, expenses of $506K, and assets of $911K (revenue +0.5% year-over-year).
- 2014: Revenue of $470K, expenses of $617K, and assets of $969K (revenue +1.5% year-over-year).
- 2013: Revenue of $463K, expenses of $525K, and assets of $1.1M (revenue +0.2% year-over-year).
- 2012: Revenue of $462K, expenses of $496K, and assets of $1.2M (revenue +0.5% year-over-year).
- 2011: Revenue of $460K, expenses of $505K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Groton Affordable Housing Inc:
Data Sources and Methodology
This transparency report for Groton Affordable Housing Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.